Chancellor George Osborne will today announce plans for a “game changer” tax break to boost North Sea oil and gas exploration. The allowance for ultra high pressure, high temperature fields will create billions of pounds worth of investment and thousands of jobs, the Conservative MP said. Click on the link to read the Energy Voice Read the full article…

The UK Government will officially launch its review of the North Sea oil and gas tax regime today. Financial Secretary to the Treasury Nicky Morgan is to jet into Aberdeen for talks with oil and gas leaders this morning. Click on the link to read the Energy Voice article in full – http://www.energyvoice.com/2014/05/uk-government-launches-review-north-sea-oil-gas-tax-regime/

Nearly 40,000 jobs could be created in the North Sea over the next two years, according to the Bank of Scotland. A survey of oil and gas companies has found that many firms are planning to expand despite the industry facing an exploration crisis. Click on the link to read the Energy Voice article in Read the full article…